Best Kentucky Sports Betting Promos in 2023 - $8,465 in Bonuses
Best Kentucky sportsbook bonuses 2023
1-7 days
- FanDuel Benefits
- Competitive pricing
- Offers same-game parlays
- Exclusive live streaming
- FanDuel Review
0-5 days
- bet365 Benefits
- Top-rated sportsbook
- Ample markets
- Fast and secure banking
- bet365 Review
1-5 days
- Caesars Benefits
- Generous welcome bonus
- Offers same-game parlays
- Ample betting options
- Caesars Review
1-7 days
- DraftKings Benefits
- Good live betting section
- Offers same-game parlays
- User-friendly interface
- DraftKings Review
2-7 days
- BetMGM Benefits
- User-friendly mobile app
- Good deposit options
- Offers same-game parlays
- BetMGM Review
Kentucky sportsbook promo codes
Legal online sportsbooks have arrived in Kentucky. Use our exclusive promo codes to get started with the top betting sites in the Bluegrass State:
| Claim either without code | ||
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Code - COVERS |
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Code - COVERSBONUSGET |
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Claim $200 without code |
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Code - COVERSBONUS |
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Claim $150 without code |
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Claim $1,000 without code |
Quick facts: Kentucky sports betting promo codes
| Online launch date | Sept. 28, 2023 |
| Retail launch date | Sept. 7, 2023 |
| Legal betting age | 18; 21 |
| Best bonus | ⭐FanDuel⭐ |
| Last verified | Oct. 1, 2023 ✅ |
| Remote registration | Yes ✅ |
| Online betting | Yes ✅ |
| Retail betting | Yes ✅ |
| Betting on college sports | Yes ✅ |
| Daily fantasy sports | Yes ✅ |
| Online casinos | No |
| Problem Gambling Hotline | 1-800-GAMBLER |
Top five Kentucky sports betting sites
As mentioned, Bluegrass State bettors can expect access to up to 27 of the best legal betting sites and sports betting apps in the nation.
For now, seven sports betting operators are live and offering enticing new-user bonuses in Kentucky. Here are our picks for the top five sports betting bonuses in KY in 2023:
1. FanDuel Kentucky welcome offer
Bet $5, Get $200
No code required
Industry giant FanDuel became one of the first online sportsbooks to launch in Kentucky on Sept. 28, 2023. Bettors in the Bluegrass State can now download the FanDuel betting app, one of the best sports betting apps available today, and claim the sportsbook's solid welcome bonus without a FanDuel Kentucky promo code.
Here are a few things to keep in mind before signing up:
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No FanDuel promo code is required to claim the offer.
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You must make a first-time minimum deposit of $10 and a $5 initial wager to qualify for the welcome bonus.
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FanDuel will award $200 in bonus bets, paid out within 72 hours, regardless of the outcome of your $5 wager on any sports market.
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You do not need to wager all bonus funds on a single ticket.
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Bonus funds expire seven days after being issued. This offer expires on Oct. 18, 2023.
FanDuel promo pros and cons:
You cannot withdraw the bonus amount, just your winnings Bonus bets expire in seven daysWhat does FanDuel's welcome bonus mean for you?
FanDuel’s welcome bonus takes the pressure off first-time users. You can back an underdog with confidence, knowing if your bet wins or loses, your bankroll will get an immediate boost.
How much money can you earn with the FanDuel welcome bonus?
With bonus bets, your earning potential can vary. Bet the full $200 on plus money for maximum value, or break the bonus into smaller wagers on favorites.
For example, a $200 wager on +150 odds would net you $300 in withdrawable winnings.
Why is this bonus better than the others?
FanDuel's $200 welcome bonus is generous and guaranteed, requiring a modest $10 deposit and $5 wager. We appreciate the flexible nature of FanDuel's offer, allowing you to use your bonus on a single wager or multiple smaller bets.
$5,000 No Sweat First Bet
No code required
FanDuel is doing its part to graciously welcome Kentucky to the legal sports betting scene, offering new Bluegrass State bettors up to $5,000 in bonus bets when they sign up today with the FanDuel betting app, one of the best sports betting apps in the industry. Like the above offer, this promo does not require a FanDuel Kentucky promo code.
Below are a few important details to note about this offer:
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No FanDuel promo code is required to claim the offer, but you must register on the FanDuel Sportsbook app.
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An initial minimum deposit of $2,000 is required to qualify for the welcome bonus.
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If your first real-money wager loses, FanDuel will refund your stake, up to $5,000, back in bonus bets, which will be credited to your account within 72 hours of your wager settling. If your wager wins, the offer is void.
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You do not need to wager all bonus funds on a single ticket.
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Bonus funds expire seven days after being issued. This offer expires on Oct. 18, 2023.
FanDuel promo pros and cons:
You cannot withdraw the bonus amount, just your winnings Bonus bets expire in seven daysWhat does FanDuel's welcome bonus mean for you?
This FanDuel offer is the highest value welcome bonus in the sports betting industry. Though the initial minimum deposit requirement is high, this offer presents an instant account boost that no other sportsbook can rival.
How much money can you earn with the FanDuel welcome bonus?
The total amount you can earn varies greatly depending on how much you initially wager. For example, if you wagered the maximum amount on your first bet and lost, you would have $5,000 in bonus bets to spread across various wagers for the following seven days. If you placed the entire $5,000 on a market with +200 odds, a mild underdog, you could walk away with $10,000 in withdrawable winnings.
Why is this bonus better than the others?
FanDuel's '$5,000 No Sweat First Bet' is better than other welcome offers for a few reasons, the main being value — you are given the industry's largest safety net on your initial wager. Plus, given that the bonus does not need to be wagered all at once, who knows what your account balance could look like at the end of the seven day period.
2. bet365 Kentucky welcome offer
Bet $1, Get $365
Code: COVERS
New bet365 Kentucky users aged 18 and older can grab $365 in bonus bets following an initial $10 deposit and $1 wager.
Below are a few terms about the bet365 Kentucky offer:
- Enter bet365 Kentucky bonus code 'COVERS' during sign-up to lock in this offer.
- Make an initial deposit of at least $10 following your account creation.
- Place a $1 bet on any market within 30 days of account registration
- Your first wager must include one selection with odds of -500 or greater.
- bet365 will award $365 in bonus bets regardless of the outcome of your $1 wager.
bet365 promo pros and cons:
Bet credits not included in returns following a winWhat does bet365's welcome bonus mean for you?
bet365 will credit your account with $365 in guaranteed bonus bets if your initial $1 wager settles as a win, loss, or push. Plus, any additional profit made from a winning initial bet is yours to keep.
How much money can you earn with $365 in bonus bets?
The amount you can make from $365 in bonus bets depends on the odds you select. For example, if you take the Cincinnati Bengals to win outright at odds of -300, you'd earn a $121.67 payout.
Conversely, taking the Bengals as a +150 underdog would net you $547 in withdrawable winnings.
Why is this bet365 bonus better than the others?
The bet365 Kentucky bonus has supreme flexibility, as the $365 in bonus bets can be used on one wager, split up across multiple wagers, or combined with cash.
3. DraftKings Kentucky welcome offer
Bet $5, Get $200
No code required
DraftKings is aiming for the crown in terms of being the best Kentucky sports betting app and providing new bettors with the most lucrative welcome bonus available.
Bluegrass State bettors can now claim $200 in bonus bets after making a qualifying $5 deposit and initial wager. This low-risk welcome bonus allows new users to jumpstart their new accounts. No DraftKings Kentucky promo code is necessary.
Keep the following in mind before getting started with DraftKings KY:
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A $5 minimum deposit and initial wager are required to be eligible.
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Bettors receive the $200 in bonus bets offer regardless of the outcome of their initial wager.
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The bonus bets are awarded as eight $25 individual bets and in addition to any winnings earned from the initial $5 wager.
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You cannot redeem bonus bets as cash, but you can withdraw winnings immediately.
- Bonus bets expire seven days after receiving them in your account.
DraftKings promo pros and cons:
You cannot redeem Initial bonus as cash Structured bonus (eight $25 wagers) Bonus bets expire in seven daysWhat does DraftKings' welcome bonus mean for you?
DraftKings welcome offer is one of the best Kentucky promos for bettors who enjoy low risk with a potentially high reward. After depositing and wagering just $5, you will receive a guaranteed $200 in bonus bets in addition to any winnings you may earn.
How much money can you earn with the DraftKings welcome bonus?
Let's say you wager all eight $25 bonus bets on even money and win six of those wagers. You would walk away with $150 in withdrawable cash. You could then reinvest your winnings in future bets with DraftKings or another legal Kentucky sportsbook.
Why is this bonus better than the others?
DraftKings allows new users, regardless of their level of sports betting expertise, to instantly boost their account balance and provides them with enough capital to thoroughly explore different bet types to discover their favorite.
4. Caesars Kentucky welcome offer
Bet $50, Get $250
Code: COVERSBONUSGET
Caesars Sportsbook boasts one of the best Kentucky sportsbook promos for new bettors, guaranteeing $250 in bonus bets following an inaugural $50 wager.
Below we outline the key details of Caesars' KY new-user offer:
- Use Caesars Kentucky promo code 'COVERSBONUSGET' during registration to claim this offer.
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To qualify, deposit a minimum of $50 and place a $50 initial wager.
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Your $250 bonus will be split into five $50 increments, Caesars will release the first $50 immediately after your initial $50 wager settles. The remaining four $50 bonuses will arrive one at a time on each of the following four Mondays.
- Each $50 bonus will expire seven days after it arrives in your account.
Caesars promo pros and cons:
Not as lucrative as past promotionsBonus bets released individually over a monthOriginal bet credit is not redeemable for cashWhat does Caesars Sportsbook's welcome offer mean for you?
Caesars guarantees bettors six chances to win a $50 bet. This offer pales in comparison to previous Caesars Sportsbook offers. Still, as a new Kentucky bettor, we recommend you claim the offer to maximize your bonus bankroll in the early days of Kentucky sports betting.
How much money can you earn with $250 in bonus bets?
Unfortunately, you won't have the opportunity to stack each $50 bonus and place one $250 wager. Still, your return is completely dependent on the odds associated with each wager. For example, winning just three of your six bets (your original wager plus the five bonus bets) at +110 odds would result in $165 in winnings.
Why is this bonus better than the others?
After placing your initial $50 wager, Caesars promises to give you five more chances to hit on a subsequent $50 wager. Winning just two of these bets at even money would net you $100 in withdrawable cash.
5. BetMGM Kentucky welcome offer
$1,500 in Bonus Bets
Code: COVERSBONUS
BetMGM Sportsbook is competing for the throne in Kentucky with its lucrative new-user welcome bonus of up to $1,500 in bonus bets. This offer is the largest in Kentucky in 2023 and also gives new Bluegrass State bettors some flexibility with their initial wager.
A few important terms about BetMGM’s offer are listed below:
- Use BetMGM bonus code 'COVERSBONUS' to claim this Kentucky sports betting welcome bonus.
- A $10 minimum deposit is required, but you'll want to make a much larger deposit to maximize the value of this offer.
- If you lose your first bet, BetMGM will return 100% of your stake, up to $1,500, in the form of bonus bets.
- If you lose a bet of $50 or more, BetMGM will add five individual bonus bets to your account. For example, if you lose a $1,500 wager, BetMGM will award five $300 bonus bets. Losing wagers of $49 or less will result in a single bonus bet instead.
- BetMGM credits all bonus bets to your account within 24 hours of your initial failed qualifying bet, and you must redeem the bonus bets within seven days of receiving them.
- Each bonus bet cannot be spread across multiple future wagers and the stake is not included in winnings.
BetMGM promo pros and cons:
Bonus bets expire in seven daysBonus amount cannot be withdrawn as cashNo promotion if the bettor wins the initial wagerWhat does BetMGM's welcome bonus mean for you?
The BetMGM welcome bonus provides a financial safety net on your initial wager.
Knowing that BetMGM will reimburse your entire initial stake up to $1,500 allows you to be more aggressive with you first bet.
How much money can you earn with $1,500 in bonus bets?
Betting the full $1,500 on an underdog, or even a reasonable longshot, will maximize the potential value of this offer. And since you have two chances to hit one bet, there’s more incentive to swing for the fences on your initial wager.
Why is this bonus better than the others?
BetMGM’s welcome bonus stands out with its maximum value of $1,500. Kentucky bettors looking to hit a grand slam and quickly build up a bankroll should look no further than BetMGM's welcome bonus.
Latest Kentucky betting news
Most common Kentucky sign-up bonuses
The three most common sportsbook sign-up bonuses in the U.S. in 2023 are deposit matches, bonus bets, and second chance bets. In Kentucky, new sportsbook users can now claim hundreds of dollars in bonus bets from betting sites like FanDuel, DraftKings, and bet365.
Deposit matches
Deposit matches are the most bettor-friendly of all the sign-up bonuses, as they build a bettor’s bankroll before their first bet is placed. There are a couple of iterations of the deposit match bonus:
- A 100% deposit match is typically valued up to a certain amount. For example, a 100% deposit match up to $1,000 means you can make a first deposit of $1,000, receive a $1,000 bonus, and get started with $2,000 in your account.
- A 50% deposit match follows the same principle. If you make an initial $1,000 deposit, you will receive an additional $500 from the sportsbook and start with a balance of $1,500.
Deposit match bonuses are a great way to gain additional funds, but ensure you thoroughly read the terms and conditions. Some sportsbooks have strict playthrough requirements, making it either too difficult or too costly for bettors to access the total bonus amount.
Bonus bets
Bonus bets are typically promoted in two ways — transactional bonus bets and bets tied to second chance bets.
- Transactional bonus bets occur after you make a qualifying deposit or a first-time wager. DraftKings’ current welcome offer is a good example, as you can receive $150 in bonus bets after signing up for an account and making an initial $5 deposit and wager.
- Bonus bets tied to second chance bets reimburse bettors the stake of their initial wager. For example, BetMGM’s current welcome offer provides you up to a $1,500 bonus if your first bet loses. This means if you bet $1,500 and lose, BetMGM will award you five bonus bets of $300 each, matching your initial $1,500 stake.
Second chance bets
Second chance bets, also known as first bet insurance, provide you with a safety net as the operator will reimburse all, or a large majority, of your initial stake if your first wager loses. If your wager wins, you will receive your winnings but nothing else from the sportsbook.
This type of sign-up bonus offer is great for riskier bettors. The known safety net can act as a “get out of jail free” card that you can use if you wish to make your initial wager on a long shot to earn a gigantic potential payout.
More Kentucky betting resources
Kentucky sportsbook bonus FAQ
You can now place legal online wagers with Barstool Sportsbook, bet365, BetMGM, Caesars Sportsbook, DraftKings, FanDuel, and Fanatics Sportsbook.
bet365 bonus code ‘COVERS’ is our pick for the best sports betting promo code in Kentucky. Use this exclusive code to grab $365 in bonus bets when you sign up and place just a $1 wager.
As a new Kentucky bettor, you can claim one sign-up bonus per legal sportsbook.
Kentucky sports bettors can redeem one welcome bonus per sportsbook. Attempting to claim more under false pretenses is considered bonus abuse.
You must be at least 18 years old to bet on sports in Kentucky.
Yes. DraftKings Sportsbook is a licensed and regulated sportsbook in Kentucky. DraftKings also offers daily fantasy sports and horse racing, via the DK Horse app, in Kentucky.
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Carson is new to the world of reviewing sportsbooks, as he just joined Covers in March 2023, but he has been following North American sports and sports betting for the majority of his life. He's a frustrated Raptors fan and a hopefully Detroit Lions lifer, but above all, he cheers for overall sport's chaos to scroll the Internet's very calm and level-headed reactions.
